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URL:  https://boards.fool.com/jtallenmds-quarterly-report-25336186.aspx

Subject:  jtallenmd's Quarterly Report Date:  3/27/2007  9:35 PM
Author:  jtallenmd Number:  250624 of 313065

Here is my quarterly progress report. All amounts are as of the statement closing date for the last month of the quarter.

Debt 4Q2005 4Q2006 1Q2007 Notes

House Related
Mortgage $127,589.87 $127,589.87 $127,589.87 Interest Only ARM
HEL 1 $ 32,050.13 --- --- Interest Only ARM
HEL 2 --- $ 31,935.16 $ 31,686.65 Refi to fixed rate in Aug '06
TSP Loan $ 10,071.10 --- --- Downpayment for house
----------- ----------- -----------
Total House $169,711.10 $159,525.03 $159,276.52


Bank of America $ 4,770.00 --- --- BT in Apr 2005. Paid off May 2006.
USAA Visa $ 11,174.84 --- --- Paid off Oct 2006
Capital One $ --- $ 27,663.76 $ 25,500.64 BT from HEAL Sep 2006
B of A / AMEX $ --- $ 58,537.55 $ 56,800.55 BT from HEAL & Auto in Nov 2006
----------- ----------- -----------
Total Credit Card $ 15,944.84 $ 86,201.31 $ 82,301.19



Total House $169,711.10 $159,525.03 $159,276.52 Details above
Total Credit Card $ 15,944.84 $ 86,201.31 $ 82,301.19 Details above
HEAL Student Loan $ 69,214.49 --- --- BT to Cap1 in Sep and BofA/AMEX in Nov
Car Loan $ 27,411.78 --- --- BT to BofA/AMEX in Nov 2006
----------- ----------- -----------
Grand Total $282,282.21 $245,726.34 $241,577.71

Paydown (2007 Q1) $4,148.63
Paydown (2007 YTD) $4,148.63
Paydown (Since 01 Jan 2005) $76,615.42 (24.1% of beginning balance)

The paydown this quarter was slower than I would have liked. There were two reasons for that. The first was the pay fiasco that the army put me through. We actually made it through three months without a regular paycheck and still have a little bit of money in the bank. My normal paycheck should resume in April.

The second reason for not attacking the debt as aggressively was that we funded our 2006 IRAs during this quarter, which slowed the debt paydown but increased our net worth. The debt paydown should recommence at a slightly accelerated pace now. Also, since I use the closing date of statements, this does not reflect the money from our tax refund that went towards Capital One last week. My goal for next quarter is to pay of $20,000.
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